Can't wait for the interest rates to go up to "curb our spending" on basic necessities. π
this post was submitted on 28 Apr 2026
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I've never really understood the rationale of increasing interest rates when inflation is being driven by international events rather than discretionary spending. Just seems dumb.
Banks need more money to cover the losses they had when it middle east went pear shaped, again
/S
When the only tool you have is a hammer, everything looks like a nail.
Peace plans
snorts
I saw the Chief Economist from Westpac suggesting 3 more increases in a row.
Can the government put in place measures to stop companies from increasing the price more than inflation. Something like taking the yearβs profits.